GO REALTORS: low stock remained a problem in February

Graphic by Owensboro Occasions

Whereas inventories stay low because of sturdy demand, the Better Owensboro REALTOR Affiliation studies that the variety of houses bought is holding regular and residential market values ​​proceed to rise.

The common sale worth for February was $ 188,529 – a 12% enhance from February 2020. Gross sales quantity totaled $ 21.5 million, up from $ 20.9 million final 12 months.

“With the present low house stock in our market, we proceed to see progress within the worth of houses bought,” mentioned Michelle Wiesman, president-elect of GO REALTORS. “The common promoting worth continues to extend and we imagine this may maintain true for the close to future.”

In February, 114 houses have been bought, with 135 pending gross sales. Days available on the market stay quick at 69 days – though the present house stock stays low with lower than 140 energetic listings.

“Stock ranges in our market stay beneath common and a number of provide conditions have change into extra widespread,” mentioned Jason Bellamy, president of GO REALTORS. “On this setting, the expertise of an actual property agent is helpful whether or not you’re a purchaser engaged on a profitable bid or a vendor who should determine which supply gives one of the best phrases and is almost certainly to succeed. ”

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